Verizon's surprise CEO pick shows that it's banking on 5G over content and outsiders over insiders

Verizon' s pick of Hans Vestberg as its next CEO shows that the top U.S. wireless carrier by subscribers is focusing on developing 5 G instead of spending big on content like its rival AT&T— and it's banking on an outsider to do it. Vestberg, the company's chief technology officer, will succeed Lowell McAdam, who has been CEO since August 2011. He joined the company last...